StockCall Early Morning Insight into FirstMerit, Fortress Investment, Cincinnati Financial, and Nomura
LONDON, April 11, 2013 /PRNewswire/ --
The Dow Jones rose to record high levels on Wednesday as stocks rallied on the back of robust economic data from China. Equity markets were also pushed higher after the minutes of Federal Reserve's most recent monetary policy meeting showed that the central bank is not likely to end its bond buying program anytime soon. Financial sector was among the major gainers in the S&P 500 on Wednesday. Among the major mover in the Financial sector were Firstmerit Corp. (NASDAQ: FMER), Fortress Investment Group LLC (NYSE: FIG), Cincinnati Financial Corporation (NASDAQ: CINF), and Nomura Holdings Inc. (ADR) (NYSE: NMR). StockCall has issued technical analysis and charting reports on FMER, FIG, CINF, and NMR. Download these free reports now at
http://www.stockcall.com/todaysopinions
Shares of Firstmerit Corp. rose sharply on Wednesday, tracking gains in the broad market. The stock rose to an intra-day high of $16.79 before finishing the day 1.03% higher at $16.67 on above average volume of 1.36 million. Shares of FMER have gained more than 2.20% so far this week. The stock is currently hovering around its 52-week high of $17.19. The regional bank's shares have outperformed the S&P 500 thus far in 2013, gaining more than 18.70%. The stock is currently trading above its 50-day and 200-day moving averages. Download the free research on FMER today by registering at
http://www.StockCall.com/FMER041113.pdf
Fortress Investment Group LLC shares were among the biggest gainers in the financial sector yesterday. The stock closed 4.01% higher at $6.49 on volume of 799,754 after touching an intra-day high of $6.50. Shares of FIG are currently trading more than 7% below their 52-week high. The stock has had an excellent run so far in 2013, gaining nearly 50%. The company's shares currently face resistance at around $7. The stock has moved above its 50-day moving average as a result of the gains this week, which is a bullish signal. Sign up and have access to our free report on FIG at
http://www.StockCall.com/FIG041113.pdf
Cincinnati Financial Corp. shares rose sharply on Wednesday, extending their gains for the week. The stock closed 1.47% higher at $48.36 on above average volume of 757,545. Shares of CINF touched a 52-week high of $48.39 yesterday. The stock has now gained more than 2.10% for the week. The property & casualty insurance company's shares have seen a series of highs since the start of this year, which is a strong bullish signal. The positive trend is further confirmed by the stock's MACD chart. Sign up and read the complimentary report on CINF at
http://www.StockCall.com/CINF041113.pdf
Shares of Nomura Holdings Inc. rose sharply yesterday, touching a 52-week high of $7.28. The stock closed 6.34% higher at $7.21 on above average volume of 2.24 million. Nomura's shares have now gained more than 11.70% this week. Year-to-date, the stock is up more than 22.80%. The stock's MACD is currently trading above the signal line, which is a strong bullish signal. The positive trend is further confirmed by recent volume activity. The company's shares are currently trading well above their 50-day and 200-day moving averages. The free report on NMR can be downloaded by signing up now at
http://www.StockCall.com/NMR041113.pdf
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